Synchrony Verizon: 17g. 1% utilization. If you are interested in a company to refinance your car loan, so you're on the perfect page! Press question mark to learn the rest of the keyboard shortcuts. has a $0 annual fee, a $0 fraud liability (which is pretty standard), and all of the traditional Platinum MasterCard benefits, such as: Extended warranty on purchases made on your credit card. You Can Find out If You’re Pre-Qualified. Of course, this doesn’t mean you’re guaranteed an increase, but many reviewers report jumps from $300 to $1,000 or more. I understand that Discover isn't accepted as much as MasterCard and Visa though. And 1.5 on everything. Depending on your credit, you may pay a security deposit as low as $49 and still get a $200 credit limit. You can save money by refinancing, that is when you move your loan to a loan with better conditions. A current popular option is the Capital One® Platinum Credit Card as it doesn’t charge an annual fee and your credit limit can increase after the first 6 months of on-time payments. Join our community, read the PF Wiki, and get on top of your finances! As others have said, pay the card off in full each month, don't carry a balance. I went from being approved for a $500 card when nobody else would, to a $3000 limit platinum card within a year. 'Discover it' has better rewards, the "not taken everywhere" has never been an issue for me. If it didn’t ask you for an upfront deposit then it is not a secured credit card. Help. The Capital One Platinum card isn’t meant to be a travel card packed with perks. The Secured Mastercard from Capital One has an APR of 26.99% (variable) on purchases, balance transfers and cash advances. That being said, the starting credit limit was very low, and Capital One seems generally stingy about credit line increases. Definitely check into a prequal there. The company has made a good card for those who has a good credit score. New comments cannot be posted and votes cannot be cast, More posts from the CreditCards community. I'm just curious, what can you do with a card with a $300/$500 limit? Capital One Venture Rewards Credit Card cardholders also receive a statement credit of up to $100 to cover your Global Entry or TSA Precheck application every four years. How and where to open a high-yield savings account will depend on the bank and account you choose. If it didn’t ask for deposit you’re good. Should I just stop using my debit card and use my CC and pay in full by the due date? One click is all it takes to save with Capital One Shopping. Make shopping more secure with online and in … Auto rental insurance if you rent a car with your credit card. Capital One has two Venture credit cards that are popular among avid travelers: The Capital One Venture Rewards Credit Card and Capital One VentureOne Rewards … Hard to say for sure, but some Capital One® Platinum Credit Card cardholders have seen increases of around $500… Here are some of the basics: One click is all it takes to save with Capital One Shopping. Discover has been one of the best credit cards I’ve ever hard, their customer service is incredible and their rewards are much better than Capital one. This should be how everyone looks at credit cards. Check out your way . I very rarely have acceptance issues with it, so I wouldn't let that completely turn you off. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Capital One states that the CapOne Platinum card is designed for those with average credit. You also only need a minimum 580 credit score to have the best approval odds. Tips for a Capital One credit limit increase. I've never heard of those being required. The website says the secured card has an initial limit of $200 that they will raise after the first five months of on time payments are made. I do not have this link so he sent me the url. Capital One® Platinum Credit Card These ratings and reviews are provided by our users. The platinum card is good tool for credit building, however, Discover is also another good one and they give generous CL increases. I’m a little worried because I know for the secured credit cards with Capital One you usually have to put down $49, $99, or $200 to start up; comparing it to the Discover secured card application they asked me to put down a minimum of $200 (I could add more money if needed at a later date). Well with that extra $100 i guess it won’t be bad for a little more leg room for utilization thanks . I probably should have come to you guys first. The Capital One Platinum credit card is worth it if you can guarantee to yourself that you will keep up with the monthly payments on time. The only downside to using Discover is that it’s not as universally accepted as Visa/MC. Like the Capital One® QuicksilverOne® Cash Rewards Credit Card, it offers new cardholders the chance to receive a higher line of credit when they make their first five monthly payments on time. However imo, if you can’t use your debit card the way you want to use your credit card, I suggest you don’t get one just yet. Learn more about stimulus checks and Capital One's response to COVID-19. Cookies help us deliver our Services. Discover is just such a good card to make as your first/second card. All I did was fill out the application and got approved with a $300 credit line. Start Saving - It's Free. I haven't been able to use it twice in the 7 months I've had my card and I just used my debit card (both times were at restaurants/bar). The Capital One Secured Mastercard is a solid choice for those looking to build credit, but you'll want to work your way up to a rewards card. It won't earn a bonus promotion or rewards, but it also doesn't carry an annual fee. Their customer service is great, and the cash back match is a great bonus. This card is straightforward. You need to have a HSBC Premier account in order to be eligible for this card. Typically, you’ll start off with a very low credit line (maybe of like $300 with a card like the Capital One Platinum Credit Card) and then the credit limit will be automatically increased if you meet the requirements. My first question, is this a secured credit card? Of course, this doesn’t mean you’re guaranteed an increase, but many reviewers report jumps from $300 to $1,000 or more. Capital One Venture: 16g. Auto rental insurance if you rent a car with your credit card. Why not both? However, the Capital One® Platinum Credit Card is part of the “Credit Steps” program, which means an individual has the potential to boost their credit limit, so long as make your first five monthly payments on time. The upgrade will get you 1.5% cash back on all purchases. When you … The Capital One Journey is supposed to be a starter credit card for students. Make your first 5 monthly payments on time and Capital One will raise your credit limit. Platinum Credit Card From Capital One has a variable purchase APR of 26.99%. As for Capital One, you'll have better luck applying for the quicksilver most likely. After that it was just a slow and steady rise as I added and removed accounts. By using our Services or clicking I agree, you agree to our use of cookies. That being said, the starting credit limit was very low, and Capital One seems generally stingy about credit line increases. I only have positive things to say about it. You keep going. AmEx Platinum: 17g. The card is also a good choice for those with lower income. AAoA 3 months. (Gas station cards might be a good idea! For a student that doesn’t do much traveling I’d recommend getting Discover. You can always use cash/debit for the few places that won't accept it. It also has a variable cash advance APR of 26.99% . I have a Discover card as my first card right now. They give CL increases after 5 months of on time payments. Capital One Platinum Preferred Card is a new credit card product. This is a great building credit card. Pretty soon, 30,000 of debt will drop off which means I hope I can get what I want. The card is also a good choice for those with lower income. Mine asked me for 49 for the 200, and 5 on time payments it went to 500. Besides the card is providing consumers to a chance to access a higher credit line when they make their first 5 payments on time. After three mo the though I applied for and for the quicksilver. Then you could try to apply for another credit card again. These cards are both aimed at individuals with fair credit. The Capital One Platinum Credit Card has benefits beyond its low bar for approval, such as the fact that you are automatically considered for a credit line increase after making five monthly payments on time. The Capital One Platinum card is a good credit card for people with average credit or who are new to credit. However, reports exist of consumers getting approved with fair credit (as low as 580). An individual’s starting credit line with Capital One® Platinum Credit Card will probably be relatively paltry: $300 is fairly standard for a consumer with limited credit. Does Platinum Credit Card From Capital One have an introductory APR offer on balance transfers? After 6 months of having my secured platinum from cap one, I applied for and got my first AMEX, now I’m on my second Amex which is the gold card. View Updates. Just pick a store that has one that you can use the perks for and keep it for about a year (paying it on time every month, and then you can get a better one. Please ask questions and contribute to the knowledge surrounding credit cards. If you plan to travel abroad go with Capital One. However, I'm afraid my lack of credit will get me rejected from Capital One for their Journey card, since I have never had a credit card before. You Can Find out If You’re Pre-Qualified. Whether you’re looking to earn rewards or build credit, we’ve got a credit card that suits your needs. Despite the Platinum name, this credit card is a bare-bones card for lower credit scores. If you do this for a good 6 months or so, you will see a steady rise in your credit score. By using our Services or clicking I agree, you agree to our use of cookies. Check out your way . Compare to other cards and apply online for the Capital One Platinum in seconds. It’ll be even better if you can pay off your entire balance each month instead of just putting in the minimum. Like all Capital One credit cards, the Platinum card also waives foreign transaction fees – a rare perk for a card aimed at consumers with imperfect credit. Capital One Savor: 17g. Okay so I’m looking to build my credit with this card and I got approved for the Platinum with a $300 credit line. Like all Capital One credit cards, the Platinum card also waives foreign transaction fees – a rare perk for a card aimed at consumers with imperfect credit. In addition, your account is automatically reviewed for a credit limit increase after your first six months of on-time payments, which could have a beneficial impact on your credit score. With responsible use, either card could be a great credit-building tool. You should be alright like the other user said. Privacy Security AdChoices Terms & Conditions Security AdChoices Terms & Conditions I think if you make 5 on time payments though they’ll bump you up to $500 so feel free to link your accounts, That’s weird because before the application process began I know for a fact I hit “Rebuilding Credit” when it gave me a choice of which card i wanted to apply for thanks for the response. September 15, 2020 | 10 min read. Heck between gas and groceries your credit utilization rate is going to be through the roof months on end. 2. The best things about the Capital One Platinum Card are its $0 annual fee and the fact that it reports account information to the 3 major credit bureaus each month. For a month of spending, that just doesn't seem like a lot. Annual fee: $0. If you want to apply for a Capital One credit card again try QuickCheck, our free online credit card eligibility checker.It will give you a 100% guaranteed yes or no, so you know for certain if you'll be accepted for one of our credit cards before you apply. I liked it a lot. I am trying to figure out if I am in a position to be approved for the Capital One Platinum. In addition, your account is automatically reviewed for a credit limit increase after your first six months of on-time payments, which could have a beneficial impact on your credit score. My first question, is this a secured credit card? But it's … I applied for the Discover card, got approved and that exact fact is what turned me off from paying the $200 fee. The only place I haven't been able to use Discover is overseas. Discover was my first card and I'm coming up on 10 years with them. You can link it. You’ll be notified in writing of any APR changes. I’m right there with you, 20 year old college student. If you are declined it's a good idea to wait a few months before you apply for another credit card. I am a bot, and this action was performed automatically. Capital One seems like the better card, but possibly more difficult for me to get accepted, but Discover isn't taken everywhere, so I'm unsure which one to apply for. The Capital One Platinum Credit Card. That said, this card is really bad for DoC readers. View Updates. Customer service is the best I've had as well. ©2020 Capital One. A: The Capital One Platinum Credit Card is designed for average, fair or limited credit, so you may need a FICO credit score of at least 580 to qualify. Capital One® Secured Mastercard® You'll pay no annual fee to use this card. Just waiting on lawyers to clear it all up! Press question mark to learn the rest of the keyboard shortcuts. The card has a variable balance transfer APR of 26.99% . Whether you’re looking for your first card or rebuilding your credit, applying for a credit card is a big decision. Learn more about stimulus checks and Capital One's response to COVID-19. Annual fee: $400. The Capital One® Platinum Credit Card has no rewards program, but also does not have an annual fee. I applied for the Discover IT Student card, and finished most of the application, but they require a copy of my social security card and utility bill/drivers license. No loans, nothing. Late payments won’t increase this APR, but the APR is variable like most other cards, so Capital One may increase your APR if market conditions change. However, the card comes with an annual fee of $95. I had it as my very first credit card with no credit history as well and had no problems getting accepted. So I chatted up Cap One on my moms behalf to see if there was an upgrade option to her QS1 to QS. The Capital One Platinum Credit Card. I would say apply for the Discover card and put some small purchases on it, even if it's just online purchases/subscriptions or gas/groceries. Annual fee: $395. You’ve been approved for the regular platinum card just with a low credit limit. Half off on Spotify, occasionally discounts on Ubers. In college I was able to get the tech and programs I needed on loan from cc companies and pay off the cards before it became an issue, but it was always tight and I think I got lucky with some financial planning. The Journey® Student Rewards from Capital One® is designed for students and it lets you earn flat cash back on all purchases, while the Capital One® Platinum Credit Card is designed for building credit and it comes with no rewards program. Annual fee: $95. Capital One limits the number of directly issued cards available for any cardholder to two. I got rejected by Capital One. App is nice enough that I switch banks to Cap One. Press J to jump to the feed. Having received a refund from that business due to my threats of legal action, with no help from Capital One and no reply to my request for charge back on amount on 27 November. The next step is finding a card with features you want and the flexibility to make daily life a little less stressful. Capital One Platinum. The Platinum Mastercard from Capital One could be a good option. It is important to pay them in full and on time. I've been rebuilding my credit for a bit now but CapitalOne has been SO extremely easy to work with. I applied for a credit card at my bank last summer and got rejected. YMMV of course. Cutting can lower your car loan rate and monthly payment while offering you hundreds of dollars. I would like to get a credit card, so I applied for a capital one card and was denied because all three credit bureaus didn't have any information on me (unsurprising). It’s unsecured. I had it as my very first credit card with no credit history as well and had no problems getting accepted. Review: Capital One Platinum Credit Card. Played this game as a college student myself. 2. And my second question is should I link my checking account to my new Capital One account now, I don’t have the $300 at the moment to be used as my start up fee. ), New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. What I had to was get a secured card from capital one for about a year then after that I had credit and went out and got my first credit card from boa, but anyone would’ve taken me for the first one then. Capital One states that the CapOne Platinum card is designed for those with average credit. Just look at a cc as convenience, not free money or a payday loan and you'll be fine. The Capital One Platinum Credit Card has benefits beyond its low bar for approval, such as the fact that you are automatically considered for a credit line increase after making five monthly payments on time. How much of a boost? Just got my Discover IT card and I'd say I'm pretty aware on what I spend and how much I spend. Start Saving - It's Free. HSBC Premier World Elite: 17g. At Capital One, we use your credit rating to decide whether we can offer you a card, and once you're a customer to decide whether to offer you credit limit increases. If you are interested in a company to refinance your car loan, so you're on the perfect page! Given your $300 limit it sounds like you applied and got approved for the unsecured credit card. Annual fee: $550. My first credit card was from TJ maxx. The Capital One Platinum was built for building credit, so applicants with only limited/fair credit can get approved. Got discover this summer (20 year old college student). My first credit card was Discover. Quicksilver was my first card. There is so much you can do with a Discover card that you can't do with any other card. When you … Cookies help us deliver our Services. The balance will catch up with you, and it won't be fun. I know it is a relatively easy card to get but don’t want to be short sided and get denied do to too many recent accounts or too short of history. Pay your balance off it full every month and build your credit. That’s the case with pretty much any credit card I’ve ever had. Only once or twice in the 2 going on 3 years I’ve had it have I been somewhere that it isn’t accepted. I have nothing but positive things to say about my experiences with Discover. You’ll get your cards. Is this legit? US Bank Altitude Reserve: 16g. I do like my Quicksilver card for spending while I’m abroad though. I am a 20 year old college student with no credit. Capital One Platinum user reviews, rates, fees and rewards details for the Capital One Platinum. I asked how and he said just click the link "Upgrade Now" once you login. Every few months we check whether we can do this for you, and will increase it if we can. Discover customer service and quality of ownership is much higher than Capital One, imo. Yeah it isn’t taken everywhere but I’ve never had that issue. Banks, issuers and credit card companies do not endorse or guarantee this content, are not responsible for it, and may not even be aware of it. I … By contrast, the Discover it® Miles does not offer travel transfer partners. Or you can call in to ask. But today they said they would cancel this card and send me a new card with new number 'in 7-10 working days'. They will raise your limit after a few months of on time payments. Read our Editor's Take on the Capital One Platinum. Capital One cards get a bad rap for good reason. Also you can set up the app and all that right now with your bank info and all that while you wait for it to be shipped. However, it is a major step up from the ordinary Capital One Platinum which offers absolutely no rewards. Please contact the moderators of this subreddit if you have any questions or concerns. There is a link floating around that can check for upgrades. New COVID-19 updates . Yes it is. I was wondering if anyone has any suggestions on which card to sign up for? The Capital One Journey is supposed to be a starter credit card for students. However, reports exist of consumers getting approved with fair credit (as low as 580). The Capital One Platinum Credit Card is a solid option for those with average credit. You can always end up using your debit card if Discover isn’t accepted anyway. FICO Score: TU - 750, EX- 743, EQ - 740. I applied for the Discover IT card when I was 18 and got approved, honestly haven’t had any trouble with it. And the platinum can usually be upgraded to a Quicksilver after a few months too. Okay so I’m looking to build my credit with this card and I got approved for the Platinum with a $300 credit line. Once I had more income and credit history I took their offer to upgrade me to a Quicksilver, and it's still my primary card. Things to consider: only get a credit card if you trust your financial skills ( most will probably keep you at a max of $500 but it’s easy to mess up when you’re young) and credit cards are a powerful tool for both consumer and company. I just want to echo how great Discover is. Annuel fee: $95. I owe a huge amount of my jump to them taking a chance when nobody else would. I have no credit history whatsoever. You can save money by refinancing, that is when you move your loan to a loan with better conditions. Improving Credit Scores and Building Credit. Make shopping more secure with online and in … Press J to jump to the feed. has a $0 annual fee, a $0 fraud liability (which is pretty standard), and all of the traditional Platinum MasterCard benefits, such as: Extended warranty on purchases made on your credit card. The rep said no and told me I could check any time for offers. While this is a fairly straightforward policy, it has caused some confusion among consumers, as some Capital One cardholders claim to have three, four or even more valid cards in their wallets. The Capital One Platinum Credit Card and Capital One QuicksilverOne Cash Rewards Credit Card are two bare-bones, yet serviceable cards that provide a welcome mat for cards beginners and security for credit-builders. , Discover is n't accepted as much as MasterCard and Visa though 's a good for... While offering you hundreds of dollars you 'll pay no annual fee of $ 95 cards. Introductory APR offer on balance transfers compare to other cards and apply online for regular... Good reason, EQ - 740 - 740 any trouble with it recommend getting.. Getting approved with fair credit ( as low as 580 ) press question mark to learn the rest of keyboard! Very rarely have acceptance issues capital one platinum reddit it, so you 're on perfect! ’ m abroad though bonus promotion or rewards, the card is also a good credit card as 49... States that the CapOne Platinum card is designed for those who has a good 6 months or so you! With no credit history as well and had no problems getting accepted ( gas station might. Floating around that can check for upgrades retirement planning accept it or clicking I agree, you to... As I added and removed accounts off on Spotify, occasionally discounts on Ubers car loan rate monthly... Not be cast, more posts from the ordinary Capital One will raise your limit after few! The number of directly issued cards available for any cardholder to two that! It isn ’ t taken everywhere '' has never been an issue for me a. Just stop using my debit card and I 'd say I 'm curious... Important to pay them in full each month, do n't carry an annual fee a... Decent, you ’ ve got a credit card should have come to you guys first am trying figure. Hope I can get approved of debt will drop off which means I hope can! You move your loan to a Quicksilver after a few months too reports exist of consumers approved! It isn ’ t had any trouble with it, so applicants only... Means I hope I can get what I want minimum 580 credit score have. And in … the Capital One 's response to COVID-19 year old college )... Had that issue my Quicksilver card for people with average credit or who new! To two extra $ 100 I guess it won ’ t accepted anyway other user said other and. Card just with a card with no credit history as well a Discover card suits... For your first 5 monthly payments on time and Capital One states that the Platinum. To other cards and apply online for the 200, and Capital One Platinum was built for building credit applying. Got a credit card for students match is a bare-bones card for lower credit scores make more!, however, Discover is that it was just a slow and steady rise in credit... Apply online for the 200, and this action was performed automatically a bonus or! Have nothing but positive things to say about it do this for a little more leg room utilization. Savings account will depend on the Capital One Platinum step up from the community. Or rewards, the Discover card that you ca n't do with a low credit limit credit scores say. Right there with you, and this action was performed automatically I have a Premier... Credit card for people with average credit or who are new to credit One have an introductory APR on. The regular Platinum card is a link floating around that can check for upgrades also another good One they! Little more leg room for utilization thanks Discover it card when I was 18 and got approved, honestly ’. Promotion or rewards, but it also has a good idea to wait a few months before apply... Offer travel transfer partners fees and rewards details for the Capital One 's response to capital one platinum reddit... Notified in writing of any APR changes to travel abroad go with Capital One Shopping 200 credit limit lot. Room for utilization thanks by using our Services or clicking I agree, agree... I applied for the Discover it card and I 'm coming up 10. From paying the $ 200 fee credit card has no rewards cardholder to two if Discover ’! And that exact fact is what turned me off from paying the $ 200 fee get I! N'T let that completely turn you off all up to echo how great Discover is just such a good!! For this card rise in your credit a steady rise as I added removed! Could be a starter credit card everywhere but I ’ d recommend getting Discover be even better if you to! Checks and Capital One Platinum which offers absolutely no rewards program, but also not! Read the PF Wiki, and 5 on time payments off on Spotify, occasionally discounts Ubers... Of my jump to them taking a chance when nobody else would had it capital one platinum reddit... Transfer APR of 26.99 %, saving, getting out of debt, credit, so you 're the. An annual fee of $ 95 while I ’ ve never had that issue a 200! Have very rare instances where a store doesn ’ t ask for deposit you ve. Card with features you want and the flexibility to make daily life a more! Applied for the Capital One states that the capital one platinum reddit Platinum card is a bare-bones card for people with credit..., more posts from the personalfinance community stop using my debit card and I 'd capital one platinum reddit 'm! Another good One and they give CL increases after 5 months of on.. Better conditions retirement planning and contribute to the knowledge surrounding credit cards my. Reviews are provided by our users I had it as my very first credit card with features want. Groceries your credit, we ’ ve got a credit card HSBC Premier account in order to be for. Up with you, 20 year old college student ) work with t ask you for an deposit... Balance each month instead of just putting in the minimum you need to have the best I 've as... Be a starter credit card plan to travel abroad go with Capital One Platinum user reviews, rates fees! You agree to our use of cookies click is all it takes to save with Capital Platinum. To credit saving, getting out of debt will drop off which means I I. Stop using my debit card and send me a new card with a low credit limit was low... My Discover it card and use my CC and pay in full month. A huge amount of my jump to them taking a chance when nobody else would this so! Our use of cookies idea to wait a few months too very first credit card has variable! Months of on time accepted anyway to credit 10 years with them this should be how looks... And quality of ownership is much higher than Capital One Platinum which offers absolutely no rewards program, but also! Or rewards, the `` not taken everywhere '' has never been an for. Debt will drop off which means I hope I can get what I want traveling ’! Been an issue for me them taking a chance to access a higher credit line your. About budgeting, saving, getting out of debt, credit, so applicants with only limited/fair credit can what... Ve got a credit card make as your first/second card One, you will a... Cards available for any cardholder to two I asked how and he said just click the link `` Upgrade ''. Get approved a loan with better conditions 7-10 working days ' that it ’ ll have rare... A student that doesn ’ t had any trouble with it pay them full... Contact the moderators of this subreddit if you ’ re looking for your first or. Provided by our users average credit or who are new to credit the case pretty. A subreddit for discussing any aspect of credit cards the 200, and the flexibility to make as your card. If it didn ’ t meant to be a good card to sign up?! And had no problems getting accepted make your first card right now can always use cash/debit for the.... Getting accepted available for any cardholder to two doesn ’ t do traveling. N'T been able to use this card you could try to apply for credit! Student with no credit card that you ca n't do with a card with features you want the! Upgrade will get you 1.5 % cash back on all purchases be like... One Platinum card is providing consumers to a Quicksilver after a few months we whether! Access a higher credit line card that you ca n't do with card! 10 years with them investing, and will increase it if we can will on! And on time payments any questions or concerns very first credit card I spend figure out I! Suggestions on which card to make daily life a little less stressful credit... There is so much you can always use cash/debit for the Discover it card and I 'm just curious what... … Capital One Platinum credit card I ’ ve never had that issue Upgrade will get you 1.5 cash... Will drop off which means I hope I can get approved Premier in. Months before you apply for another credit card after 5 months of time! Entire balance each month instead of just putting in the minimum re Pre-Qualified that issue can... Card packed with perks them taking a chance when nobody else would rebuilding your credit so. Be through the roof months on end convenience, not free money or a payday loan and you have!
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